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47 posts

Q3-23 records -36.45% fall in Capital importation q-on-q in into Nigeria
adminJune 15, 2024
According to The National Bureau of Statistics (NBS), Q3-2023 recorded a 36.75% fall in Capital importation into Nigeria from US$1,030.21bn in Q2 2023 to US$654.65mn, also indicating a decline of…Read More
Naira gains 3.7% to N741.50/US$, FGN Bond yield contracts to 13.0%, T-Bills yield close flat at 6.3%
adminJuly 10, 2023
The overnight lending rate contracted by 43bps to 1.6%, in the absence of any significant inflows into the system. The NTB secondary market traded on a quiet note as the…Read More
Equities Market | The NgX-ASI extends bullish run with a +1.61% rise
adminJuly 10, 2023
Activities on the floor of the Nigerian domestic bourse opened week bullish as the day’s session closed with a +1.61% rise. The NgX-All share Index gained to settle at 61,949.24…Read More
Equities Market | The NgX-ASI closed today’s session with a -1.99% dip
adminJuly 10, 2023
Activities on the floor of the Nigerian domestic bourse closed the day’s session with a -1.99% slide, as the NgX-All share Index fell to settle at 60,714.80 points. Investor’s sell-offs…Read More
INEC Chairman, reflects the February 2023 General elections, structural, infrastructural and human challenges
adminJuly 10, 2023
Full Text of his speech in a meeting with the Resident Electoral Commissioners (RECs) at INEC Headquarters Abuja I welcome you all to this meeting. The purpose is to reflect…Read More
Naira down 3.5% to N768.44/US$, FGN bond yield expanded by 12bps to 13.1%
adminJuly 10, 2023
Overnight lending rate was unchanged at 1.6%, as system liquidity closed at a net long position (N751.55 billion). The Treasury bills secondary market traded with mixed sentiments, albeit with a…Read More
Investment flows to Africa dropped to $45 billion in 2022, as landlocked developing countries grew by 6%
adminJuly 10, 2023
According to UNCTAD’s World Investment Report 2023, international project finance deals targeting Africa showed a decline of 47% in value The UNCTAD’s World Investment Report 2023 published on 5 July…Read More
Naira closes at N768.44/US$, T-Bills yield falls to 6.3%, as FGN bond secondary market closes bearish
adminJuly 10, 2023
The overnight lending rate contracted by 42bps to 1.2%, in the absence of any significant inflows into the system. The NTB secondary market closed bearish, as the average yield declined…Read More
Equities Market | The NgX-ASI rebounds with a +1.33% gain
adminJuly 10, 2023
Activities on the floor of the Nigerian domestic bourse closed the day’s session positively with a +1.33% rebound, as the NgX-All share Index gained to settle at 61,523.57points. Investor’s interests…Read More
Equities Market | The NgX-ASI closes +0.81% up as FBNH trades 4.69bn shares
adminJuly 10, 2023
Trading activities on the floor of the Nigerian domestic bourse closed the day’s session positively continuing its bullish run with a +0.81% gain. The NgX-All share Index settled at 62,019.88…Read More
The FIRS to capture informal sector in new VAT collection initiative
adminJuly 10, 2023
The Federal Inland Revenue Service (FIRS) and Market Traders Association of Nigeria (MATAN) have announced a new Value Added Tax (VAT) collection initiative, the VAT Direct Initiative, aimed at capturing…Read More